It will still be reported on your personal tax return.

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

More like one person on the HOA is opposed.  

Dave Ramsey has a good saying about how Thanksgiving Dinner is different when you owe money to the other person at the table.

@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.

The person leaving the trailer there is just to store it there.

Nothing personal. 

Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .  

The vast majority of contractors won't want to give bids on properties while under contract unless they have a relationship with that person from prior jobs.